Pavaso, Member First Mortgage to Offer Digital Mortgage Hybrids

January 31, 2017

Pavaso, a provider of digital process and collaboration solutions, will conduct hybrid electronic closings for customer of Member First Mortgage LLC.

“Making the process digital is the ultimate way to serve our customers at the highest levels of transparency, efficiency and ease of experience,” said Carmen Sherman, chief operations officer of Member First Mortgage. “Our end goals include executing eNotes, with video notarization, and transferring to an eVault by the end of the year. In using the hybrid model now, the first step is easy for us and our investors, and the benefits to the consumer are tangible.”

In a hybrid e-closing, select documents, such as the deed and note, are printed and “wet-signed,” but much of the closing package is executed electronically. Digital Close also provides built-in e-sign and e-notarization capabilities that allow borrowers to sign and notaries to verify and stamp documents digitally. Although there are still some traditionally wet-signed documents, this allows the majority of the closing package to be executed more efficiently and securely. Pavaso’s Digital Close platform accommodates paper, hybrid and fully digital closings.

“We welcome the partnership with Member First and look forward to seeing them reap the benefits that our solutions can offer,” said Mark McElroy, president and CEO of Pavaso. “We commend their bold step towards the digital transformation of their organization and hope they inspire others to follow.”


Contact ALTA at 202-296-3671 or communications@alta.org.

North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents. SoftPro is the nation's leading provider of real estate closing and title insurance software. With more than 14,000 customer sites and over 60,000 users nationwide, this award-winning software offers a suite of products designed to increase your volume and revenue by reducing the time it takes to do closings. SoftPro has been recognized by the American Business Awards every year since 2007 - winning awards for Superior Customer Service, Support and Product Development.